TL;DR: Tellor is now the only immutable & decentralized oracle in the “EVMiverse,” complete with any easy to onboard, unified structure across all EVM chains.
Today the vote for Tellor 360 has passed and the Tellor 360 upgrade has launched on Ethereum Mainnet. This was no trivial feat as the odds were not in our favor. You see, the Tellor team only holds a fraction of 1% of the token supply, 5X less than what is needed to reach quorum. The community of TRB holders, reporters, and users rallied one last time to push us over the line and get this upgrade passed. We are PROUD.
About Tellor 360
The upgrade to Tellor360 greatly simplifies our system and aligns with our push to be an unbreakable protocol. This will be the last governance controlled upgrade as Tellor360 removes upgradability, greatly reducing the attack surface area for the Tellor system; governance attacks in particular. By removing upgradeability, any attack on governance will only affect a given data feed and not the system as a whole. Beyond that, this upgrade also unifies how Tellor operates across EVM chains. This can’t be understated as it greatly streamlines the user experience, documentation, and tutorials for participating with and using Tellor, ultimately making it much easier for users to onboard onto any chain.
To learn more about Tellor head over to our documentation and ask us anything in our discord.